THMAX Performance — Thrivent Moderate Allocation Fund, Class A
Data updated: 2026-09-29
THMAX returned +6.30% year to date and +13.07% over one year to Jul 2026. Annualised returns are +12.05% over 3 years and +6.19% over 5 years. Against its Alternative category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $141, against $168 for the category, and to $113 over one year, against $108. Volatility over the past three years was 9.28% a year. In the 12 months to Jul 2026 the fund took in a net $208.9M, and assets reached $4.45B.
THMAX Growth of $100
What $100 invested in Thrivent Moderate Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | THMAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $113 | $108 |
| 3 years (Aug 2023 – Jul 2026) | $141 | $168 |
| 5 years (Aug 2021 – Jul 2026) | $135 | $159 |
| Since data start (Aug 2019 – Jul 2026) | $175 | $190 |
THMAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.30% |
| 1 year | +13.07% |
| 3 years (annualised) | +12.05% |
| 5 years (annualised) | +6.19% |
THMAX Annual Returns
Calendar-year total returns of Thrivent Moderate Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +6.30% |
| 2025 | +13.26% |
| 2024 | +12.66% |
| 2023 | +15.67% |
| 2022 | −16.42% |
| 2021 | +11.97% |
| 2020 | +13.29% |
| 2019 (Aug–Dec) | +5.02% |
THMAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.3% | +0.9% | −4.2% | +5.8% | +2.8% | 0.0% | −0.2% | — | — | — | — | — |
| 2025 | +2.4% | −0.6% | −3.5% | −0.5% | +3.6% | +3.8% | +1.4% | +1.5% | +2.4% | +1.6% | +0.5% | +0.3% |
| 2024 | +0.7% | +2.7% | +2.4% | −3.6% | +3.2% | +1.7% | +1.8% | +1.9% | +1.7% | −1.4% | +3.9% | −2.8% |
| 2023 | +5.7% | −2.3% | +1.4% | +0.8% | −1.1% | +4.4% | +2.3% | −1.6% | −3.4% | −2.5% | +7.0% | +4.7% |
| 2022 | −4.3% | −1.9% | +0.9% | −6.7% | −0.1% | −6.5% | +6.6% | −3.0% | −7.1% | +4.5% | +4.7% | −3.7% |
| 2021 | −0.9% | +1.7% | +1.0% | +3.4% | +0.6% | +1.1% | +1.6% | +1.5% | −2.7% | +3.6% | −1.7% | +2.4% |
| 2020 | +0.1% | −3.9% | −9.0% | +7.1% | +3.7% | +1.8% | +3.6% | +3.2% | −1.8% | −1.3% | +7.6% | +2.7% |
| 2019 | — | — | — | — | — | — | — | −0.4% | +0.9% | +1.1% | +1.8% | +1.6% |
THMAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 9.28%
- 3-year Sharpe ratio: 0.81 (vs 4.5% risk-free rate)
- Best month: +6.96% (Nov 2023)
- Worst month: −4.15% (Mar 2026)
THMAX Fund Flows
Monthly money in and out of Thrivent Moderate Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: $208.9M
- 12-month gross sales (incl. reinvestments): $874.6M
- Sales ÷ redemptions: 1.31×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $44.7M | $56.9M | −$12.2M |
| Jun 2026 | $58.5M | $61.8M | −$3.3M |
| May 2026 | $47.2M | $50.4M | −$3.2M |
| Apr 2026 | $51.1M | $59.1M | −$8.0M |
| Mar 2026 | $64.9M | $57.7M | $7.2M |
| Feb 2026 | $43.8M | $44.1M | −$325K |
| Jan 2026 | $53.2M | $50.7M | $2.5M |
| Dec 2025 | $313.0M | $74.2M | $238.8M |
| Nov 2025 | $43.2M | $52.2M | −$9.0M |
| Oct 2025 | $50.1M | $57.4M | −$7.3M |
| Sep 2025 | $63.1M | $53.4M | $9.7M |
| Aug 2025 | $41.7M | $47.7M | −$6.0M |
THMAX Assets Under Management
Net assets of Thrivent Moderate Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $4.45B |
| 2026-04-30 | $4.37B |
| 2026-01-30 | $4.28B |
| 2025-10-31 | $4.21B |
| 2025-07-31 | $4.00B |
| 2025-04-30 | $3.71B |
| 2025-01-31 | $3.91B |
| 2024-10-31 | $3.80B |
| 2024-07-31 | $3.74B |
| 2024-04-30 | $3.54B |
| 2024-01-31 | $3.51B |
| 2023-10-31 | $3.15B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.